NSE: NOCIL is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 16% gain on deployed...
Hi,
price taking support on trendline . price making swing higher highs. it will possible chance to price will move upside form demand zone which is marked in green area
targets will be Resistances are marked as red horizontal lines.
previous swing low is Stop loss
This idea is for Educational purpose and paper trading only. Please consult your financial...
nocil : the stock is in strong trend
Now eyeing a breakout from areas tested in
2021 and 2022
Support @ 264-272 zone
325-340 is the ideal next zone to watch on the higher side
demand zone-270-290
Analysis:
The chart of NOCIL on TradingView presents a post-breakout scenario, offering potential long entry opportunities but also demanding cautious consideration. Let's delve into the details:
Current Price: ₹290, surpassing the key resistance level of ₹285 marked by the orange line.
Breakout Confirmation: The recent surge past the resistance zone,...
NOCIL Limited
CMP:291
Potential Uptrend: 450
NOCIL Ltd manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries. It is a part of Arvind Mafatlal Group and is the Largest Rubber Chemicals Manufacturer in India.
Rectangle Pattern Breakout: NOCIL has recently experienced a breakout from a strong rectangle pattern, which had been forming over a period of 3.2 years in the chart. This breakout is a significant development and indicates a potential shift in the stock's trend.
- Symmetrical Triangle Pattern Breakout: Additionally, NOCIL has broken out from a symmetrical...
Nocil ltd is a company engaged in the manufacture and sale of specialty chemicals.
The suggestion is to buy the stock at its current price with a stop-loss set at a price below 250 , and the target price is 300 .
It's essential to note that this is a short-term strategy and should be evaluated based on the individual's risk tolerance and investment goals...
This is the analysis of NOCIL in Daily Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the trendline, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk...
NOCIL on weekly TF has broken the falling trendline and is now consolidating, we can expect a bull run from here on.
View is long term.
Entries can be made at current price or in the range of 245-255.
STOP LOSS @239.5
Trail using EMAs.
Bullish pattern formed in nocil and vol spiked more than average there is a buying opportunity with proper risk reward ratio choose the appropriate quantity This can give up to 18% return but always trail your stop loss it can even give more
